BPI France et al. invest €100m in Kinéis

The group includes fellow satellite operators, space and telecommunications companies CLS, CNES, Ifremer, Hemeria, Thales and Celad, as well as institutional investors BNP Paribas Développement and BPI France. Kinéis is a subsidiary of CNES and a spinout from CLS.

In February 2020, Ardian and Infermer sold their stakes in CLS to CNP, as reported by Unquote. CNES owned 34% of the shares in CLS following the investment.

BPI France generally invests €500,000-2.5m in France-based companies with revenues of €2-50m. The GP had not responded to a request for comment at the time of publication.

Company
Kinéis operates constellations of nano-satellites for the Internet of Things (IoT). The business currently has Argos operational payloads on seven satellites and one prototype nano-satellite called Angels. It also has IoT partnerships with Objenious by Bouygues Télécom, Suez and the Wize Alliance.

The company was founded in 2019 and is based in Ramonville Saint-Agne. It has 25 employees. The business generates revenues of $5.2m, according to Zoominfo.

People
Kinéis – Alexandre Tisserant (CEO).
BPI France – Magali Joëssel (director of SPI fund).

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